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Rebecca works for a company that has clearly defined lines of authority. Each employee knows that he or she has authority and responsibility for a distinct set of tasks. Employees are also aware of the company's reporting structure as well as successive management levels all the way to the top. Rebecca's company follows which principle?
Parameter
A numerical characteristic of a population, such as mean or standard deviation, that can be estimated by statistics calculated from a sample.
Statistic
A numerical measure that describes an aspect of a sample of data, such as its mean or variance.
Population
The entire pool from which a statistical sample is drawn and to which the researcher intends the results to apply.
Sample Standard Deviation
A statistic measuring the dispersion or variability of a set of sample data points around the mean.
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